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STOCK COMPARISON

Linde plc Ordinary Shares vs Tokai Carbon Co Ltd: Fair Value & Quality

Both stocks run through our valuation models. Here is how Linde plc Ordinary Shares (LIN) and Tokai Carbon Co Ltd (TKCBY) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Linde plc Ordinary Shares as the less overvalued of the two: Linde plc Ordinary Shares trades at $470 versus a fair value of $441 (-6%), while Tokai Carbon Co Ltd trades at $47.28 versus $36.14 (-24%).
Linde plc Ordinary Shares
LIN · USD · Materials
-6%
upside to fair value
fairly valued
Price$470
Fair Value$441
Quality70/100
Tokai Carbon Co Ltd
TKCBY · USD · Materials
-24%
upside to fair value
overvalued
Price$47.28
Fair Value$36.14
Quality55/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Linde plc Ordinary SharesTokai Carbon Co Ltd
Valuation
30.5×P/E (TTM)20.3×
6.95×P/S (TTM)1.24×
6.30× · book value is mostly goodwillP/B1.26×
18.9×EV/EBITDA7.9×
2.18×PEGn/a
−6.1%Fair value upside−23.6%
1.3%Dividend yield1.7%
$6.10Dividend per share$30.00
Profitability
28%Operating margin8%
1.84×EBIT margin trend (5Y)2.05×
18%Return on equity7%
7%Return on assets2%
Growth
8%Revenue growth (YoY)2%
0.6%Avg. growth/yr (3Y)-0.2%
4.5%Avg. growth/yr (5Y)10.9%
+24.2%Value creation/yr+7.2%
Balance & size
42.1×Interest coverage (EBIT/interest)9.1×
0.54×Debt / equity0.41×
$241BMarket cap$3B
healthyGrowth qualitymixed

Even match: 7 to 7 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Linde plc Ordinary Sharesof which business quality 66 · market factors 53 Tokai Carbon Co Ltdof which business quality 54 · market factors 61
ProfitabilityMargins and returns on capital today
51
31
Quality GrowthAre margins and returns improving?
51
58
CashflowEarnings quality: real cash, not paper profit
64
49
Fin. StrengthBalance sheet, leverage, solvency risk
69
56
InvestmentDisciplined investing over empire-building
70
62
Low VolatilityCalm price path (market factor)
87
42
MomentumPrice trend over the last 3–12 months (market factor)
37
77
52W MomentumDistance to the 52-week high (market factor)
42
54
Net IssuanceShare count: buybacks or dilution?
100
81

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyLinde plc Ordinary SharesPrice $470Tokai Carbon Co LtdPrice $47.28
DCF Models-54%below the price$216-18%below the price$38.99
Earnings-Based-72%below the price$132-53%below the price$22.36
Dividend Discount-75%below the price$116n/a
Multiples-49%below the price$239-10%close to the price$42.51
Asset-Based-88%below the price$55.42-46%below the price$25.35
Growth DCF-66%below the price$159-22%below the price$36.99
Economic Profit-67%below the price$156-47%below the price$25.06
Growth Earnings-57%below the price$204-24%below the price$36.14
Minimum-88%below the price$55.42-53%below the price$22.36
Maximum-49%below the price$239-10%close to the price$42.51
Median-66%below the price$158-24%below the price$36.14
Geometric mean-69%below the price$147-33%below the price$31.60

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Linde plc Ordinary Shares: 26 of 26 models see the stock below the current price.

Tokai Carbon Co Ltd: 20 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Linde plc Ordinary Shares
Price $470
Fair Value $441
Bear $247Bull $737
Tokai Carbon Co Ltd
Price $47.28
Fair Value $36.14
Bear $22.35Bull $52.80

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Linde plc Ordinary Shares · Materials

Quality score70 · Top 25%
Fair value upside-6% · above median

Tokai Carbon Co Ltd · Materials

Quality score55 · above median
Fair value upside-24% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Linde plc Ordinary Shares as the less overvalued of the two: Linde plc Ordinary Shares trades at $470 versus a fair value of $441 (-6%), while Tokai Carbon Co Ltd trades at $47.28 versus $36.14 (-24%).

Linde plc Ordinary Shares has the higher quality score (70/100).

Open Linde plc Ordinary Shares live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.